Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Viniso Plaza, a ten-suite, 19,250-square-foot retail shopping center, says Chris Shaheen, Louisiana broker of record. The property is located at 4128 Airline Dr, Bossier City, Louisiana 71111.
“Our team was able to run a successful marketing campaign on behalf of our seller client, which in turn generated multiple offers during an increasing interest rate environment,” says Brian Sy, associate.
Viniso Plaza is a unique property, located in the Shreveport-Bossier submarket, it offers access to popular regional and national tenants including Domino’s, Nestle Tollhouse, Keith Beasley Insurance, Gabe’s Fine Jewelers, VIP Spa & Nail Salon, and more. This retail hub is 100% occupied, offers quick access to I-220, and sits strategically in a primary retail corridor that is home to Target, Sam’s Club, Best Buy, Ross, Walmart, Lowe’s, and Home Depot among others.
“Deals are still getting done when properties are priced appropriately. Currently, managing a seller’s expectations is proving to be key as the commercial real estate market faces economic headwinds,” says Nick Binder, associate. Assisting Sy and Binder on this deal was Mark Taylor, senior managing director investments.